MEG Will GET BOOST This SPRING In LOW-INTENSITY TURNAROUNDS - BOTH the WTI and the WTI/WCS Price Differentials are ON THE UPSWING as MEG NORMALLY DOES their 30+ DAY MAJOR TURNAROUND at Chistina Lake in MID-MAY and MID-JUNE {EXCEPT this YEAR}
The 2024 annual production estimate incorporates reduced turnaround activities spread evenly throughout the year. The plan also includes the startup of two well pads, with the first pad on-stream mid-year and the second in the fourth quarter. New pad activity supports the 2024 production estimate and builds well capacity for future growth.
- so NO MAJOR MASSIVE DROP in BOP in Q2/2024
- LESS TURNAROUNDS means MORE BOP
- BOP in 2024 is GUIDED TO between 102,000 amd 108,000 bbls/d {YEAR 2023 BOP: 101,425 bbls/d}
- assuming CURRENT STRIP PRICING, Q2/2024 will DRAMATICALLY OUTPERFORM Q2/2023
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